Articles tagged “brexit”

While Thomas Cook has yet to fully step out of the shadow of its near-collapse in 2011, the current management team has at least managed to steady the ship. But 2016 has presented its own challenges with terrorism in Turkey doing particular damage.

The travel industry needs to wake up. Five months have passed since the Brexit vote and the UK government has still to spell out its plans. The British travel industry has been a huge beneficiary of many of the initiatives brought in by the EU and stands to lose out if it does not play a part in mapping out the future.

As we move closer to 2017, signs are mounting of a mixed year for business travel. Travel providers, however, are expected to keep prices relatively flat to help drive demand and make travel more affordable for companies.

The initial surprise over the Brexit vote has waned, but lingering uncertainty over the long-term effects remain. That could still impact business travel in the coming years.

Concerns about security, especially in Europe, continue to play on the minds of both business and leisure travellers. Still InterContinental’s CEO remains bullish, believing that the sector’s fundamentals "remain compelling."

While an expected profit of almost $1.5 billion is still mighty impressive, the warning signs are there that a prolonged period of Brexit-based uncertainty is likely to be very bad news for airlines.

Sometimes you have good luck and sometimes you have good timing. And sometimes you have both. Visit Britain's campaign already makes sense since the U.S. is the UK's most valuable source market. But many Americans were probably already mulling a UK trip because of the great exchange rate without the coaxing of a tourism board.

With the UK government seemingly determined to sever all ties with the European Union, things don’t look great for the travel industry. For the time being there’s not much companies can do but hope for the best.

Demand for conference space in London is always high, but price considerations usually tend to dampen some of that excitement. With a 15 percent drop against the U.S. dollar though, suddenly post-Brexit London seems like a bargain, relatively speaking.

Yes, Brexit is a big deal politically in the United Kingdom. But the decision should not affect the nation's airlines much.